It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...
EUR/CHF rising inside minor impulse wave (iii)
- EUR/CHF rising inside minor impulse wave (iii)
- Next buy target - 1.1700
EUR/CHF continues to rise inside the minor impulse wave (iii) which reversed earlier from the support zone lying between the key support level 1.1590, 38.2% Fibonacci correction of the previous sharp upward impulse wave form the start of October and the sharp, upward-sloping support trendline from the middle of June. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star. EUR/CHF is expected to rise to the next buy target at 1.1700.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…